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Home » Topics » Inside Mortgage Finance » Originations

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Brokers, Retail Shops Do Heavy Lifting During First-Quarter Surge in Mortgage Originations

May 28, 2015
All three mortgage-production channels saw increased volume during the first quarter of 2015, but brokers made the most of the rising market, according to a new Inside Mortgage Finance ranking and analysis. Mortgage brokers produced an estimated $39.0 billion of home mortgages during the first three months of 2015, an increase of 14.7 percent over the fourth quarter. That pushed the broker share of originations to 10.8 percent, the sector’s highest market share since 2010. Retail production facilities did...[Includes five data tables]
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250-Plus Members of Congress Tell the CFPB’s Cordray to Ease Up on TRID

May 28, 2015
Thomas Ressler
The lawmakers join a growing chorus of mortgage professionals calling for an ease on tight enforcement of the TILA/RESPA Integrated Disclosure rule.
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Doesn’t Sound Like Fannie Mae Will Offer its Automated Underwriting System for Free

May 28, 2015
Paul Muolo
It stands to reason that by waiving the charge that Freddie might take in less revenue, but a GSE spokesman said as a financial matter, “it’s not material.”
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FHFA Ready to Hike Conforming Loan Limits?

May 28, 2015
Brandon Ivey
The regulator said it plans to use its “expanded data” house price index to determine adjustments for conforming loan limits.
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Brokers Continue ‘Comeback,’ Post Highest Market Share Reading Since 2010

May 28, 2015
John Bancroft
Mortgage brokers facilitated an estimated $39.0 billion of home mortgages during the first three months of 2015...
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Black Knight Nets Nearly $480 Million on IPO, Plans to Expand in Mortgage Services

May 27, 2015
Brandon Ivey
Black Knight plans to expand its offerings to existing clients, gain new clients, introduce new products and selectively acquire smaller vendors...
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Short Takes: Who’s Blackstone Talking to Now? / Carrington Offering Low FICO Score Loan Thru Brokers / The Return of American Home’s Michael Strauss? / HUD IG Cites NTFN

May 27, 2015
Paul Muolo and George Brooks
We understand that American Home Mortgage founder and chief executive Michael Strauss may be launching a new nonprime lender...
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California Has a Huge Gain in GSE Business: Up Almost 70 Percent

May 27, 2015
John Bancroft
Texas and Florida, the second- and third-largest sources of GSE business, both saw solid gains from a year ago...
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Warehouse Market Heats Up – Thanks to Refis and Market Surge by Nonbanks

May 27, 2015
Paul Muolo
Moreover, 12 of the top 20 originators are now nonbanks, all of which rely heavily on commercial banks for warehouse credit
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Associated Bank Signs $200 Million ‘Conciliation’ Agreement with HUD Over Lending to Minorities

May 26, 2015
Paul Muolo
Although Associated denies that any such lending discrimination took place, it agreed to commit almost $200 million in new loans to “targeted” areas...
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